I agree with just about everything you’ve said. Communism has had too many failures that have affected too many people, the word is tainted.
To grossly oversimplify it, capitalism is the way of business and trade, while socialism is the way of society and governance. The two things are separate, but the issue we have is that businesses are dictating policy to governments in their exclusive interest, rather than the other way around with governments focusing on the overall good of society.